Diligence memo · auto-generated · as of July 2, 2026
Steel Bending Spirits, LLC
Steel Bending Spirits, LLC looks fair against its niche peers and is at-risk on financing cadence.
Businessfiled
Steel Bending Spirits, LLC operates in Manufacturing, based in CLARENCE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Steel Bending Spirits, LLC has raised $8.4M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $4.5M on 2022-07-15.
Most recent recorded round closed around 2022-07-15.
Valuation (modeled)modeled
Provath models Steel Bending Spirits, LLC at approximately $28M (range $6.3M–$97M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.98× the median modeled value of Series A Manufacturing companies in 2022–2024 (114 peers) — value vs value, same stage and era. Within the normal band (98% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 9 months.
Last raise 4.0 yr ago; this sector typically re-raises about every 12 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round stepped up 1.0× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 76% of Manufacturing peers (3257 compared).
Modeled value ranks above 70% of those peers.
Closest niche peers: Whitehorse Timber Ventures SPC, Camden Timbers Holdings, LLC, RST Brands, LLC, Plantd, Inc., Sanford Aluminum Group, LLC.
Peoplefiled
17 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.